During its first year of operations, Silverman Company paid $10,740 for direct materials and $11,300 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,300 while general, selling, and administrative expenses totaled $3,200. The company produced 7,700 units and sold 4,800 units at a price of $6.70 a unit. What is Silverman's cost of goods sold for the year
